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used to talk about the philosopher kings. geeks have no interest in power. the only power we're interested in is low-power consumption and longer battery life and low prices so we can stay up later at night. geeks may inherit the earth, but they have no desire to rule it. >> in a poll reported by harris interactive in december of 2010, 45% of the people surveyed said that they would rather do household chores than to try and fix their computer or digital devices on their own. in the electronic age, it continues to be good to be a geek. that's this edition of 60 minutes on cnbc. i'm steve kroft. thank you for joining us. captioning by captionmax www.captionmax.com [ticking] >> even though there's a total embargo in this country against any trade with iran, iran still gets high tech materials and components for a variety of weapons from right here in the u.s.a. this man set up a trading company in philadelphia. you are charged with trying to buy a centrifuge that could be used to make biological weapons, like anthrax. >> yes. that's what they say. >> do you know how much money
are paying them. i can't believe we can't use the marines in these situations. someone has got to do a cost benefit analysis. can you imagine the amount of money we have spent fooling around with these contractors that weren't getting the job done? can you imagine the time we have spent on this and the money that has been spent? i would like for you, general, to talk about the cost benefit of putting marines in our embassies and why in the world this is hard for us to get our arms around and where is the analysis that shows us we are saving any money. >> just to react briefly to what would be necessarily a much longer conversation. the marines are not -- that's not their role or what they do for the nation. could it be at some point potentially? i would hate to think we would make that decision based on costs but it would require a longer conversation. >> i guess my point is god forbid we have something happen in kabul. this would look like child's play if you look at the history of what's gone on in terms of the guard force at kabul. and you know, i want to be to rt would be necessarily a
-japanese protests started causing a protest of japanese protests and those who use them. and the protests are so bad that a chinese man made the simple mistake of driving a japanese car in a chai neads city of chian and was beat sewn badly he is paralyzed. this week, a chinese minister accused a japanese vessel of target i targeting the radar on a japanese ship off of the islands, but the chinese officials are disputing it happened. now think about this, the world's second and the third largest economies playing chicken in the pacific over a dispute of uninhabited islands, but if this diplomatic disagreement were to escalate into a military obligation, the united states would be obligated by the 52-year-old treaty obligation to help the sovereignty of japan, and does that mean that north korea would come to the aid of china, but it is a quaint and admittedly alarmist experiment, because that is not how foreign wars are conducted anymore. next month marks the 10-year invasion of iraq, and the last conflict that we can think of conventional war that claimed the lives of more than 4,000 americans and b
the tax code which everybody wants us to do. but also we have used a small percentage of that money to reduce the deficit. so it doesn't place too much burden on the operating structure of the country. >> so who is the one person in the white house and one person and the republican leadership who is most committed to making the tough choice because i think the one person in the white house is most authentically -- authentically committed to making is the president. i've met with him several times. i believe that he's willing to make these cuts in the entitlement programs that we have to make. that doesn't mean i don't want to continue to push them outside of his comfort zone to go a little further than you might want to go otherwise, but i think we're going to have to if we get a deal with republicans but again we'll have to push the republicans in order to do the tax reform, allows us to reduce the deficit in the same manner. >> how do you push a president? >> you know, the way i've done it is always candidly, open with him, not agree but tell them exactly what you think and why. t
address, john allen said the u.s. is winning the war in afghanistan. >> afghan forces defending afghan people and enabling the governments of this country to serve its citizens, this is victory. this is what winning looks like. we should not shrink from using these words. i've lived afghanistan will never again be a safe haven to terrorists -- i believe afghanistan will never again be a safe haven to terrorists and the scourge of the plague of the world. >> the obama administration plans to nominate alan to serve as the next supreme allied commander after he was cleared of misconduct in the scandal of the ousted david petraeus. israeli forces have dismantled a number -- another palestinian encampment challenging the settlement growth in the west bank. activists erected tents near have been saturday in a bid to protect their town. there were forcibly -- they were forcibly arrested. bahrain's government holding reconciliation talks about opposition parties for the first time in over a year. the negotiations last broke down in july 2011 after opposition groups accused the u.s.-backed mona
for joining us and thanks for being with us. captioned by closed captioning services, inc. >> greta: , tonight, is washington a threat to americans? now, according to a new pugh poll the answer is, yes. a majority of americans saying washington poses a threat to their personal rights and freedoms. karl rove is here to talk about that plus much more ahead. "on the record" starts right now. >> the obama administration announcing big changes for the birth control coverage for employees of some religious organizations. >> we need to provide preventative services, access to preventative services for all women and that includes contraception and we also needed to respect religious beliefs. >> it would appear to be a dramatic post election reversal by the obama administration on an issue that marked a flash point in the early electoral cycle last year which by most accounts helped the campaign galvanize voters. >> january of 2009. 8.5 million americans have left the labor force. this administration is shrinking the private sector. >> when you look at that number it as pretty low number when you consi
and james rosen are covering for us. dennis miller on accusations that some of the pictures in the sports illustrated swimsuit edition are racist. >> these people are freaking crazy! >> bill: also tonight, i'll announce what my next book will be. you will be surprised. caution. you are about to enter the no spin zone. "the factor" begins right now. >> bill: hi. i'm bill o'reilly. thanks for watching us tonight. what is america's biggest problem, part 2. that is the subject of this evening's talking points memo. as we told you last night, america's changing rapidly and many of those changes are harmful to the well-being of the nation. the fault lies with us because we the people elect politicians who are massively screwing up the country. last night, 50 years ago, the usa was a far different place. our primary values were self-rearer liians, hard work and honesty. that's what we respected. no longer. big problem is the court system. two-week ago, the new jersey supreme court ruled 5-0 that a woman who ingested crack cocaine two days prior to giving birth did not abuse or neglect the baby s
is being remembered right now. more on that later. gregg, thank you for being with us today. >> my pleasure. martha: we'll see you back here tomorrow and "happening now" starts right now. jenna: right now we have brand new stories and breaking news. >> the little boy at the center of the hostage drama, tense negotiations to get him free and the high-tech surveillance equipment now helping investigators. >>> also the troop drawdown in afghanistan. new reaction from inside that country. what the afghan people fear might happen when u.s. forces leave. >>> plus, lights out at the super bowl. did you catch this? a power outage putting the big game on hold for more than a half an hour. what was the behind the blackout? jenna: let's not jinx anything. we need our lights. jon: we do. it is all "happening now." jon: first up today, that terrifying hostage situation in alabama now in its 7th day. good morning to you. i'm jon scott. jenna: what a story. good morning everybody, i'm jenna lee. drones are now flying over that underground bunker where police say jimmy lee dykes is holding a 5-year-old boy
. and that is why it is so important for us to do the report that we did. i will give you a perfect example. you have loan officers at banks being paid bonuses and pay based on how many loans they created. not whether those were good loans. not taking into account whether the loans would later default and caused sick of it and losses. there were a number of different causes of the financial crisis. we tried to bring a lot of transparency to it, to report on that. we are also doing a lot of work in this area to say what has not been dealt with. you are exactly right, fannie and freddie is not dealt with under dodd-frank. but let's talk about dodd-frank for a moment. there have been reforms to our financial system, but there needs to be significantly more. one thing about dodd-frank is it sets up a framework. but ultimately not all of the rules are implemented. there are very important standards that need to be set by the regulators and treasury. because what we are worried about is trying to protect americans in the event of another financial crisis. we do not want to be in a situation where one
reaction from inside that country. what the afghan people fear might happen when u.s. forces leave. >>> plus, lights out at the super bowl. did you catch this? a power outage putting the big game on hold for more than a half an hour. what was the behind the blackout? jenna: let's not jinx anything. we need our lights. jon: we do. it is all "happening now." jon: first up today, that terrifying hostage situation in alabama now in its 7th day. good morning to you. i'm jon scott. jenna: what a story. good morning everybody, i'm jenna lee. drones are now flying over that underground bunker where police say jimmy lee dykes is holding a 5-year-old boy hostage. the boy has asperger's syndrome and is said to be as comfortable as possible. it all began when the suspect allegedly boarded a school bus, demanding hostages. police say he shot the driver when the driver tried to intervene. that driver, charles poland, was laid to rest this weekend. investigators say besides careful negotiations, dykes is showing very few signs that he is willing to end the standoff. elizabeth prann is live in mid
. >> it slows us down gradually. >> many can say texas don't matter. of course they will in the long run. stuart: here we come. what a perfect moment to throw it to dagen and connell. connell: good morning, everyone. dagen: america is a good bet. here to tell you why. connell: one of our guests in this hour could be the next energy secretary. dagen: more on the power outage and the record-breaking at cbs sports for that incredible game. connell: and cyber attacks, the white house considering action against china. dagen: i had the ravens, did you? by a field goal, 27-24. connell: nobody knows football like dagen mcdowell. clearly. dagen: stocks now has to do every 15 minutes, nicole petallides at the new york stock exchange. nicole: a good bet going. if yo you're betting on the mar, 14,000 mark a little disappointed today, we are pulling back, dow jones industrials down 116 points right now. a majority of the dow components, 28 of the 30 were in the red, only two names, green arrows, there is ro rod-based selling going on, the retail stocks all with down arrows. some of this is coupled with numbe
meeting. they're due out later this afternoon in the u.s. will the fomc offer clues on an end to qe3? we're joined at 11:30 to weigh in. >>> with india's government clouded in corruption allegations, we'll speak to one of the country's wealthiest individuals and what it means for business. billionaire udai kotak joins us in 20 minutes' time. >>> plenty coming up including sony which is heading to the bill apple for a major on, national endowment. will the game console giant take the wraps off its rumored playstation? expert analysis at 11:20 cet. >>> and bhb bulletin has posted a steep fall in earnings for the first time in the year. the australian mining giant announced change at the top after the 43% drop in profit. we have more on this report from sydney. >> reporter: the surprise at bhp, billiton's ceo mariu marius kloppers announcement coming earlier than expected. >> coincided today with a weaker pricing environment. but two totally unrelated events. >> reporter: he will be replaced by andrew mckenzie, current head of bhp's middles division. he's well regarded in the industry and s
to say a word about the councils africa center for the benefit of the audience, those who are new to us were joining us for the first time via television or the internet. the africa center was established in september, 2009, with a mission to help transform u.s. and other healthy approaches to africa by emphasizing the building of strong geopolitical partnerships with african states and strengthening economic growth and prosperity on the continent. the center seeks to engage and inform with policymakers in the general public of the strategic importance of effort that. both globally and for american and european interest in particular. a subject which obviously -- a commitment you share by joining us today. of strategic importance. we do this for -- a robust media presence. we worked promote constructive us leadership and engagement in international affairs is done the central role of the atlantic community in meeting international challenges. the africa center supports and collaborates with product -- public and private sectors, giving practical solutions to the challenges in africa. on
. >> welcome to "morning joe." it's tuesday, february 5th. with us senior political analyst mark halperin. >> i was going to do a three thumb fight but willie wasn't up for it. >> i'll beat you that on any day. msnbc analyst and visiting professor harold ford junior. >> good morning. >> it was funny stuff last night. >> it was funny except it's not fun funny. i guess he had to address all of david letterman's jokes. i interviewed chris christie for my book coming up in may very seriously about his weight and about how much those jokes hurt him. i guess he felt he had to do that to sort of, you know, break the ice with letterman. >> what do you mean those jokes hurt him? >> they hurt his feelings. >> i want to see another clip and see how hurt he is? he handles it very well. >> do you have family members who are also heavy? >> no. i'm the guy. >> you are the guy. >> i'm the guy. >> how is your health sxwlmpt if you went to a doctor today, what would the doctor say? >> startlingly good. >> how is your cholesterol? >> my cholesterol is normal, believe it or not. >> that's pretty good. >> what abou
. "we must trust in the mighty power of god's mercy. we are all sinners, but his grace transforms us and makes us new." just ahead, benedict's health, his replacement, and what's next for the catholic church. "newsroom" starts now. >>> good morning. thank you so much for joining me. i'm carol costello. we begin with a bombshell greeting 1 billion catholics around the world. their spiritual leader, pope benedict xvi stepping down at the end of the month. we're bringing you all the angles of this developing story. joining me now for this hour's special coverage, chris cuomo, he's in new york. >> good morning, carol. great to joining here. >>> shocking news because this simply hasn't been done. it's been almost 600 years since a pope resigned. it was gregory xii. it was to end the civil war. the question becomes why is pope benedict doing this now? we're going to get reaction first because no one saw this coming, certainly in this country. let's start off our coverage with deb feyerick in st. patrick's cathedral in new york city, the center of the american catholic tradition here. deb,
-down. this is the first time we have seen that since january. tough economic news pulls us back. that is where we are. nowhere near the all-time highs at the moment. ashley: thank you so much. shibani: we watched the markets. another developing story, yet another obama administration member warning about the fallout of the spending cuts. the clock keeps ticking down to the march 1 deadline. rich edson has the very latest. rich: good afternoon, shibani. highlighting the dangers of the automatic spending cuts. president obama is trying to get people in congress to try to agree to taxes on wealthier people. the law requires the administration to cut other positions. in a statement, the beef association rights, this place has a legal duty on the usda and administration to carry out this service. a duty in which we have recognized as essential in the past. while we understand the hardships placed on the agencies through sequestration, we are severely disappointed secretary millsap has chosen to take his path of threatening to halt and speculations. if not you have to give notice. you can only implement th
talk to them, they're going to paint a picture for us, we're going to turn to two powerful investors for insight into what the conversation in washington means for the broader markets. cowen and company ceo jeff solomon will join us, and the bond king, bill gross. first, steve will bring us up to speed on the morning's top stories. steve? >> thank you, michelle. disney posting better than expected earnings and revenues after the bell. the company says it expects the next few quarters to be better on a stronger lineup of films and growing attendance at its theme parks. ceo bob iegory was on cnbc's "closing bell." >> you had a lot of ins and outs. basically, the trendser good. we had strong results at our domestic parks. the bookings have been pretty solid. advertising was okay. and generally speaking, our business performed well. and our interactive media group was profitable for the quarter. that's the first time the group has been profitable since we've been breaking it out. >> shares rising on the news late yesterday. up 39 cents, 0.72%. we'll talk more about disney with barclay's
is that if you look at the next ten years, most of it will be caused by things we care about. >> all of us are invested in this democracy. we are to the going to have parts of our community succeed and parts fail. if government fails, we all fail. >> we don't trust government. but we need government. and government is us, when you come right down to it. those folks in washington weren't landed there from mars. they were elected by us. >> it's a complex problem. people want quick answersment but the fact is that there aren't quick answers. >> these aren't things that can be fixed in election cycle. and the question is do we have the political leadership that is willing to invest that way. >> rational thinking leads to one thing, conclusions. and conclusions are not going to solve the debt problem. emotions on the other hand leads to another thing, action. okay. and we need to take action about the debt in the u.s. we need to change. >> we're going to pass on to our kids a less prosperous nation where they will have a lower standard of living, a massive debt they can't afford to pay off and
will be talking about it on tuesday. the numbers -- you can also send us an e-mail, join us at corridor.com -- twitter.com/cspanwj. great expectations, immigration is one of the issues on the president's agenda. he may get much of what he wants in part because a bipartisan support on the issue of immigration. he will look for ways to declare victory on guns and climate change. the focus on the economy, that is one headline we are getting. the front page of the washington post -- the reporting of scott wilson, the chief white house reporter for the washington post. chris van hollen is our guest on c-span's newsmakers program. he is a leading democrat in the house of representatives. >> the president will be delivering his state of the union address this week. i think he will address those questions. we are so caught up in dealing with these short-term, self- imposed crises that is undermining our ability to come up with a long-term comprehensive planned. there are philosophical differences. our republican colleagues do not believe that there is any role for the government beyond providin
you. >> that is it for us, thank you for joining us, coming up tomorrow, ubs chief economist will join us about what is happening to the market, and former new york state homeland security czar, michael bal bony on drones and others, thank you for being with us, good night from new york. neil: linked in, face the music and pay up, anything but nothing, you are big money. you can can afford to fork over some cash. i'm neil cavuto, true, likes of linkedin and facebook not paying a penny in taxes to the federal government. to me is makes no senate all. exxonmobil still evil if it paid more than $31 billion in taxes and chevron still represen thoss paying highest rate, they don't rate any media attention -- that good. mark zuckerberg paying no rate buzz not rate any media attention, what his company does is good, and cool. even though really, does not end up with washington seeing cool cash. lingeredin pays zero percent and walmart pays federal income tax north of 32%. caterpillar 30.7% or mcdonald's 31.3%. food for thought. this is media double standard makes up to the puke, and ignoring
"commitment to the values that define us as americans." others note his impeccable integrity and his dedication to the country is second to none. without unanimous consent, i would like to insert into the record matters the committee has received in regard to brennan's nomination. john brennan by all accounts will be a strong leader, guided firmly by the law and his strong ethical code. he has assured the committee in his response to pre-hearing questions that he will be independent from political influence. he will seek only to provide the president, the congress, and other leaders with his best analysis and advice. his responses to the committee's questions are available on the committee's website. intelligence.senate.gov. of course the committee must conduct its due diligence on such an important nominee, some members are going to have questions in a range of topics, including his plans for directing the agency, major national security challenges we face, positions and actions he has taken in his current and past jobs. also of interest will be mr. brennan's the view on the use of
gomez tweeted us, it's not that important to me as long as you love each other. love has no boundaries. >> sleepy 177 tweeted it is crucial we have the same political views. if not we would have different ways of thinking and it would never work. thank you to everyone who responded. we have seen high-profile couples where the one feels the one way and the other feels the other. and they have a great relationship. >> they dated for three months and still together after 45 years. >> that's a good valentine's day story. >> happy valentine's day to you and your family. "fox & friends" starts right now. >>gretchen: good morning. it's thursday, february 14. happy valentine's day if you're celebrating that today. i'm gretchen carlson. thanks for sharing your time. let's start with a fox news alert. olympic hero under arrest charged with murder after his girlfriend was shot in the head. was it a valentine's day surprise gone wrong? details ahead. >>steve: president obama painted a pretty picture of our economy in his state of the union a couple of nights ago. but was he telling the truth? >> w
their creator had given all of us. to make decisions for good or bad and normally to have to live with the consequences -- consequences of those decisions. the global jihadist threat that secretary clinton pointed out does not have the belief that a democracy is a good idea. that a people electing representatives in a republican form of government is a good idea. they believed that we need some religious leader like the ayatollah khomeini or now in iran. they need a religious leader like that that tells us what we can do, that makes all his decisions under shari'a law. . all of those who met during the revolution, they believed in the power of prayer to god, and that's why they prayed during that time, but they wanted much to have the chance to worship as they chose. be they muslim, hindu. but especially judeo-christian beliefs where jews and christians had traditionally suffered so much persecution. they wanted the chance for people to worship as they please or not worship, but they knew to make that possible had he had to -- they had to pray to god. that's why we are observing o
of this committee is one that is very proud to work together. i'm happy that you are here with us to help move that tradition forward at a greater and deeper rate. we deeply appreciate it. less than two miles from where we sit today at the entrance of u.s. treasury building that is a large, bronze statue. one would assume that the figure is alexander hamilton. america's first treasury secretary. look again. this 12 foot tall statue is of albert gallatin. the longest serving u.s. treasury. in a to one, thomas jefferson asked gallatin to serve. --in 1801, thomas jefferson asked gallatin to serve here in the place of treasury secretary is more than avarice and response will -- laborous and responsible than any other. what did he do? he established fiscal discipline that was necessary a country into a great world power. gallatin also help orchestrate the louisiana purchase, doubling the size of the united states. his work is commemorated in gallatin county, montana and a beautiful gallatin national forest in the rockies as well as the gallatin river in missouri. when gallatin accepted the decision
conference, issued a warning to bad guys. >> the message here is no matter how long it takes us, we will fine you. we will bring you to justice and we will hold you accountable for your senseless choices. >> according to a codefendant in the robbery case, bennett tried to rob markell ross before shooting him. >> people fed up with youth violence are speaking out tonight. debra is live in forestville to explain. debra. >> this event is organized by several radio stations and calling this a state of emergency. after basically six prince georges county public school students were murdered within six months, people here at this town hall moting tonight say this is absolutely an emergency meeting. again, it is going to be from 6:00 to 8:00 tonight and it is organized by several radio stations. they are expecting 500 people to pack the instituteland recreation center in forestville and it is organized by the radio one washington family. that's 93.9, wkyf, and several other stations. an opportunity for people who live here to talk to the real players who have real muscle in ending this
's biggest airline a reality. a date to merge american airlines and u.s. airways was approved. the new company will still be called american airways but will be run by u.s. airways management. the new american will have more than 900 planes, 3,200 flights a day and # 5,000 employees -- and 95,000 employees. what does this mean for passengers? can you say higher prices for everyone? stick around because lauren simonetti from the fox business network will be here with all the brand-new details. >>> they came face-to-face with chris dorner, the ex-cop accused of murdering four people. for the first time we're hearing from the couples he held hostage at gunpoint. karen and jim reynolds entered their cabin surprising dorner who was hiding out there. >> he came in. he had extension cords tied them around over our heads [inaudible] >> and i thought this is the end. >>gretchen: dorner left with their vehicles but the reynolds called 9 # -- 911 dorner was killed in another cabin. >> while 4,000 people are stranded at sea on a carnival cruise ship, here is the company c.e.o. at a miami heat game
are never going to go back to not using these types of things, whether it is android -- this poses a big problem to the people that provide these services and the users. you know, somebody like myself, we use this stuff all the time and we do with very sensitive information. security is very important to us. it is very important that the people that provide the services. connell: on this program yesterday, we showed a few that you like. give us an example of how you, personally, these are joe's stocks that he likes, we will not go through them all individually. all of these are small or for you're more fair to medium type. >> it is even riskier when you talk about what we do. these are high-growth companies that are dependent on big government contracts. they could be lumpy. we saw some of these negatively react. we think a lot of these companies, these all are companies, will ultimately be acquired. whether it be hardware, software, consumer, government, they will report tonight. they have had lumpy times. we think that the big trend there is nothing but. i do not think we will get less
. so, doesn't make sense are if us to stop and not be able to drive anymore. >> soon as they get it open. better off it will be. cost money to sit still and cost to run the thing empty as far as fuel surge. so. hopefully they get it cleared up. martha: looks like they're working on it. they're doing pretty good job. new mexico police say westbound traffic is open on i-40. eastbound lanes remain closed. truckers will have to sit to wait it out in that direction or try to get off on side roads. also we have this for you from egypt. an awful situation where a hot-air ballon filled with tourists exploded in the sky and then fell a thousand feet to the ground. imagine how frighten this was. these are some of the tourist photos from the launch site where the victims had taken off just moments earlier. and then at least 19 tourists from europe and asia were killed in this tragic accident, after the balloon caught fire. it triggered an explosion in a gas canister. leland vittert, live in jerusalem. what exactly happened? where is this accident? >> reporter: terrifying for the folks who w
and innovation, the highest honors bestowed by the u.s. government upon scientists, engineers, and inventors. you will have it for you later in our program schedule. at the white house, jay carney held his daily briefing, addressing a number of issues including a bombing at the u.s. embassy in turkey today. >> does the president considered the attack on our embassy in turkey to be a terrorist attack? >> that is an excellent question a suicide bombing on the perimeter of an embassy is by definition an act of terror, a terrorist attack. i think this is an incident that has just occurred and i don't want to get ahead of it, is being investigated. we strongly condemn what was a suicide attack against our embassy in ankara, which took place at the embassy's our security perimeter. details are still emerging about what exactly happened, who was responsible. it is clearly an act of terror. it caused -- cost hte life about least one individual, a turkish security guard. we are working with the turkish authorities to investigate the incident and bring the perpetrators to justice. our thoughts and prayers
. thank you for being with us on the "washington journal." the speaker pro tempore: the house will be in order. the chair lays before the house a communication from the speaker. the clerk: the speaker's room, washington, d.c., february 14, 2013. i hereby appoint the honorable chris collins to act as speaker pro tempore on this day. signed, john a. boehner, speaker of the house of representatives. the speaker pro tempore: pursuant to the order of the house of january 3, 2013, the chair will now recognize members from lists submitted by the majority and minority leaders for morning hour debate. the chair will alternate recognition between the parties with each party limited to one hour and each member other than the majority and minority leaders and the minority whip limited to five minutes each, but in no event shall debate continue beyond 11:50 a.m. the chair now recognizes the gentleman from oklahoma, mr. mullen, for five minutes. -- mr. mullin, for five minutes. mr. mullin: mr. speaker, i ask unanimous consent to address the house and to revise and extend. the speaker pro te
correspondent ali velshi is here in "the situation room" with us today. ali -- >> what a day. >> -- the numbers are going up. >> just flat, basically. we came within 16 points of the record that was set on october the 9th in 2007. so if we got there, you would have just made your money back after more than five years. let me just remind you, in a market that is volatile, which means a lot of computers influence trade trading, you will go down. this will take a few days. for everything else going on in the economy and in washington, this dow is near an all-time high. we got to a fire-year high again today. >> it doesn't look like on wall street at least, this concern about forced spending cuts. >> there's a couple of reasons for that. as you know, let's say the forced spending cuts go into effect on saturday morning. up won't see any of the furloughs or layoffs for another month and that's when we have to discuss the budget. so the market thinks you have the end of march, not february. the stock is overvalued. you pay a multiple of that. in a low-interest rate environment, you tend to take a ris
to use that as a bargaining chip again. we saw how damaging bringing into question the credit worthyness of the government. the fight should not be should we pay the bill? >> there is an interesting question about in retrospect if republicans leveraging the debt limit to get a bill that cut spending by $1 to $2 trillion going forward whether that was worth it? they introduced liquidity risk. if you don't cut spending we're not going to vote for a debt limit increase. it worked. the president agreed to cut the spending by a significant amount. now, would you like that negotiation had resulted from not having made that threat? absolutely. but do you think it would have occurred? there's the difference. i would never be one to advocate that congress should not increase the debt limit. they should. when this came up in the summer of 2011 i wrote that and they put that in the pages of "the initial review." i was arguing against those who say let's look and creating a cash crunch. that is the wrong thing to do. congress has the ability to decide what they want to attach to the legislation. tha
pope? abc's david wright lets us know. >> reporter: cardinal sean o'malley is a prince of the church who lives like a pauper. even his clothes set him apart. cardinal sean, as he likes to be called, wears the simple brown robes of a monk, plus sandals. even in winter in boston. >> he's a holy man, and a man of simplicity. wouldn't that be a lovely thing to have in a pope. >> reporter: the boston arch diocese he inherited was badly tainted. he sold off the cardinal's residence to pay off the victims and moved into a single room. the church has not always been so responsive. >> any new pope is going to have to look at that issue and speak to it. >> reporter: here in rome, there's been an unwritten rule, no pope from a superpower. but vatican watchers say times have changed. >> people realize a cardinal from the united states is not necessarily going to represent u.s. political interests. >> reporter: o'malley is one of two american names being floated. the other, timmy dolan who scoffed at the idea. >> what about you? >> is this abc evening news or comedy central? >> reporter: and o'ma
, technically i wear one. the u.s. postal serviceĀ®, no business too small. martha: you are the seth mcfa martha: "happening now" starts right now. jon: brand-new stories and breaking news. jenna: four days ago in washington's fight to avoid steep budget cuts u. may feel it in a big way on your next trip to the airport. more on the olympic icon charged with premeditated murder. we have the latest on the "blade runner" charged with killing his girlfriend. a second serving of severe winter weather. it's all happening now. countdown to the sequester showdown. hi, everybody, i'm jenna lee. and i just floated this idea to our audience. you know the jaws music from the academy awards? every time we say sequester this week i'm wondering if it should come up. jon: a little audio cue. jenna: both because it's a little ridiculous and also because everyone is making it so dramatic. jon: i'm i'm jon scott. four days until the cuts kick in. democrats holding a news conference now with the air travel association on how sequestration will affect air travelers, but they are not the only ones. the white house sa
be a threat? also in a few minutes u.s. senate expected to vote on chuck hagel president obama's controversial nominee for defense secretary. we'll bring to it live. more on what's going on in egypt right now. a holt air balloon carrying lots of tourists explodes and plummets to the ground. we're finding out how this could happen. we're going live to egypt. i'm wolf blitzer. you're in "the situation room." >>> we begin with the huge winter storm, the national weather service is now calling historic. cities like amarillo, texas, wichita, kansas have broken snowfall records. 45 million in 21 states are being affected one way or another. the storm is blamed for at least three deaths. look at this. it's even dangerous after the storm blows away. in kansas city, the heavy wet snow is causing roofs to collapse. nobody was hurt in this building. but the snow is also bringing down tree limbs on to power lines. in kansas city thousands of people are reported without power. george, what's going on? >> reporter: this is par for the course here in the midwest. this is the second time in a week that this r
they're using them as animal beds, like dog beds and everything. they're just really hot. and this one is really nice because of the exotic skin. i was ecstatic with the price i got this evening. quinn: sold, $325. john: an early carpenter's toolbox with all the tools. early 1900s, look at the auger bits. and they're works of art themselves, they're fabulous. everything in this. somebody has either lovingly cleaned it up or it's been kept this way. that's fabulous. is this the way you found it? kurt sanftleben: it is, it is. the guy who had this, he took exceptional care of his tools. i got this at a country auction about six months ago. i didn't clean anything. i wiped off the box. wow, a man who takes care of his tools. so how many pieces total are in this? about 24, 25. 24, 25 pieces. not counting the individual pieces. i think most of the stuff dates from the early 1900s to 1920s, '30s. yeah, i figured 1900, 1920. the saws are about 1930. what do i have on it? you've got eight bills on it. i've got $800 on it? i have a lot of people want to buy tools out of it. oh, no
for this. is a top murder profiler in south africa. she used to work with the south african police, now she is on her own. the speculation here is, jenna, that she won't be officially involved in this case. back to you. jenna: some interesting dynamics there. greg palkot live in south africa. greg, thank you. jon: now this fox news weather alert. there is no rest for folks weary of winter weather. oklahoma seeing white out conditions in the latest blizzard to pummel the central plains. officials there are strongly urging people to stay off the roads today. the massive storm system also has its sights set on the midwest. chicago could see more than six inches of snow by the time it's all over. and storms expected in the gulf states. flooding and tornadoes are possible. maria molina live from the fox weather center. >> good to see you. we are talking about yet again another blizzard across areas that last week on thursday had to deal with blizzard conditions and over a foot of snow picking up record amounts of snowfall. amarillo, texas this time around could be looking at up to 20 inches of s
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